News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Share link:In this post: Michael Saylor might join Trump’s crypto advisory council, saying he’s open to shaping digital asset policy for the new administration. MicroStrategy just bought another 15,350 Bitcoin for $1.5 billion, pushing their total holdings to 439,000 BTC, now worth $45.6 billion. Trump’s administration plans to create a Bitcoin reserve and form a crypto advisory council with leaders from Ripple, Kraken, and Circle.
Share link:In this post: Ripple donated $5 million in XRP to fund President Trump’s inauguration, the largest crypto contribution to the $200 million fund. Coinbase and Kraken each gave $1 million, while MoonPay also donated, marking a record-breaking year for crypto political donations. XRP surged after Ripple’s legal win and Trump’s election win against the SEC and the launch of its stablecoin RLUSD.
Wood anticipates Bitcoin's scarcity and institutional interest will drive dramatic value increase by decade's end.
- 14:26Scallop: Total revenue has exceeded 3.5 million dollars, a loyalty program of 100,000 dollars is about to be launchedOn December 21, the Sui ecological lending protocol Scallop announced on platform X that the total income of the platform has exceeded $3.5 million. The official will once again carry out SCA token repurchase and reward distribution. The total reward is worth $100,000 in sSCA tokens, with the event running from December 22 to December 25. The first snapshot will be taken at 8 a.m. Beijing time on December 22, and users need to pledge and hold at least 1,500 veSCA tokens to receive daily sSCA rewards. Subsequently, the spread of Scallop's native USDC and wUSDT pools will increase from 20% to 30%.
- 14:24The MultiversX Foundation launches an annual funding program "Growth Games" worth 1.5 million dollarsAccording to Globenewswire, the MultiversX Foundation has announced the launch of a $1.5 million annual funding program "Growth Games", aimed at supporting innovation in key vertical areas such as DeFi, AI infrastructure and education in the crypto industry. This includes an annual grant of $500,000 to support more than 5 innovative projects through xLaunchpad and joint incubation programs.
- 14:24Industry insiders: Some Bitcoin users may not like MicroStrategy due to concerns about self-custody issuesOn December 21, Ki Young Ju, the founder and CEO of CryptoQuant, posted on platform X saying that different forms of currency require different gateways. Bitcoin users should recognize that MicroStrategy is the portal connecting NASDAQ 100 currency and Bitcoin. He doesn't understand why some Bitcoin users dislike MicroStrategy. They may express concerns about self-custody, but in reality few people practice self-custody - just as only a minority care about privacy leaks. The bitcoin banking model of MicroStrategy aligns very well with current adoption levels; if active fund management at the gateway can acquire large amounts of bitcoin with relatively less capital, it signifies the success of bitcoin banking. Of course, there's always a risk of failure so people should see it as entrusting their funds to a bank for the purpose of acquiring more bitcoins using bitcoin itself as a form of currency.
